All Forum Posts by: Terri Hollinsworth

@Kerry Boyle

Thanks Kerry!

@Joel Thompson

Thanks for your reply! This info really helps.

I live in Orlando Fl, and currently building my team to start flipping houses. I currently have a full time job but I would eventually like to do real estate investing full time.

Now I have a general contractor and possible investors. I need to find a good broker to work with.

My question is should I get my real estate license to find my own ideals and save on some costs associated with paying an agent? Or should I just find a good agent?

I want to find my team and finances before I go looking for my first deal.

I was also thinking of sending some direct mail or cold calling.

Thanks!

Terri

Hi Matt,

Thanks so much for your reply! You are right. I think private money is a much better approach. 

So I think I’m doing something a little bit different right now. I am actually planning on partnering up with my General Contractor. My team is going to be sort of a family business. Basically I am going to find deals and investors and then he is going to focus on the flips. I will help as much as I can. We are going to split profits and I won’t be charged the typical GC fees. He’ll be doing a lot of sweat equity. I am going to get my real estate license as well to help save money on finding deals and the fees associated with agents. 

How do I find a good broker?

I am a first time investor in Orlando Florida and I am looking to start with some flips. I have a GC who I am looking to partner with and a few investors (who are already business partners.) They really want to invest in real estate but don’t have the time. 

My question is how to go about financing. 

I am leaning towards having my investor pay the down payment on a hard money loan and then paying them back an interest and possibly some points on their investment. 

Is that realistic or a good idea? 

How much interest or points should I approach them with as an investment opportunity?

Thanks! 

-Terri